See you in the Home Depot lot.
Oct 10, 2024 (Reuters)
Cleary Gottlieb Steen & Hamilton will create a new category of non-equity partners, becoming the latest major U.S. law firm to move away from the traditional single-tier structure in which all partners have an ownership stake in the firm.
Adopting a non-equity partnership tier is “an important step for Cleary as we continue to strategically grow,” a firm spokesperson said in a Thursday statement. “Innovating in this way underscores our dedication to developing and retaining talent,” the spokesperson said.
New York-founded Cleary had 180 partners in 2023, according to figures published by the American Lawyer.
The firm generated more than $1.4 billion in total revenue, and profit per equity partner averaged $4.5 million, according to the American Lawyer data. Cleary has about 1,100 lawyers globally.
Read the full article here at Reuters
Other
Justice Department Submits Proposal to Reschedule Marijuana
Proposed Rule Seeks to Move Marijuana from Schedule I to Schedule III, Emphasizing its Currently Accepted Medical Use in Treatment in the United StatesThe Justice Department announced today that the Attorney General has initiated a formal rulemaking process to...
Why Better Made is suing several Michigan marijuana companies
Better Made vs. Cannabis Companies: A Michigan Trademark DisputeSummary Better Made, is embroiled in a legal battle with over a dozen cannabis businesses in the state. The lawsuit, filed in March 2024, centers on allegations of trademark infringement. Better Made...
Other Articles
Court Ruling – No bonus for growing weed
COURT RULING – SORRY NO BONUS FOR GROWING CANNABISA marijuana farm worker is unable to succeed in his breach-of-contract lawsuit regarding a $100,000 bonus he claims to be owed for producing a healthy harvest of 1400 pounds of dry cannabis crop as the contract is...
SCOTUS – Justices uphold laws targeting homelessness
Does not amount to “cruel and unusual punishment” under the Eighth Amendment The Supreme Court has affirmed the validity of ordinances in a southwest Oregon city that restrict individuals experiencing homelessness from utilizing blankets, pillows, or cardboard boxes...
Michigan Crime Victim Compensation
Michigan has a crime victim compensation fund. You can contact them using the various links on this page. This post is just to provide you with information. We do not provide any services for this topic.Crime Victims Victims of crime often face lasting repercussions...
The Takings Clauses of the United States and Michigan
These clauses protect property rights and maintain a balance between public needs and individual ownership The Takings Clauses of the United States and Michigan Constitutions are pivotal components of property law, ensuring that private property is not seized by the...
